William W. Graves Sells 10,500 Shares of AutoZone, Inc. (AZO) Stock
AutoZone, Inc. (NYSE:AZO) insider William W. Graves sold 10,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $744.78, for a total transaction of $7,820,190.00. Following the sale, the insider now owns 12,574 shares of the company’s stock, valued at approximately $9,364,863.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
AutoZone, Inc. (NYSE:AZO) opened at $775.50 on Friday. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14. AutoZone, Inc. has a 1 year low of $491.13 and a 1 year high of $800.00. The company has a market cap of $21,210.00, a P/E ratio of 17.27, a PEG ratio of 1.38 and a beta of 0.71.
AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, beating analysts’ consensus estimates of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the business earned $9.36 earnings per share. AutoZone’s revenue was up 4.9% compared to the same quarter last year. analysts predict that AutoZone, Inc. will post 46.73 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in AZO. Nordea Investment Management AB boosted its position in shares of AutoZone by 44.9% in the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock valued at $585,917,000 after acquiring an additional 318,188 shares during the period. Koch Industries Inc. bought a new position in shares of AutoZone in the second quarter valued at approximately $297,000. JPMorgan Chase & Co. boosted its position in shares of AutoZone by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after acquiring an additional 282,939 shares during the period. CI Global Investments Inc. boosted its position in shares of AutoZone by 437.2% in the second quarter. CI Global Investments Inc. now owns 321,207 shares of the company’s stock valued at $183,236,000 after acquiring an additional 261,417 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in shares of AutoZone in the third quarter valued at approximately $141,811,000. Institutional investors own 99.35% of the company’s stock.
A number of equities analysts have weighed in on the stock. Credit Suisse Group set a $790.00 target price on shares of AutoZone and gave the stock a “hold” rating in a research report on Thursday. Citigroup increased their target price on shares of AutoZone to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Guggenheim lowered shares of AutoZone from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. UBS Group reiterated a “buy” rating and set a $750.00 target price (down previously from $810.00) on shares of AutoZone in a research report on Wednesday, December 6th. Finally, Royal Bank of Canada increased their target price on shares of AutoZone and gave the stock a “sector perform” rating in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. AutoZone currently has a consensus rating of “Hold” and a consensus target price of $726.06.
AutoZone Company Profile
Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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